Latest Diavik Diamond Mine Stories
TORONTO, April 5, 2012 /PRNewswire/ -- The key assumptions used in performing the trademark intangible test were as follows: 2012 2011 Royalty rate - watches 7% 7% Royalty rate - jewelry 3.5% 3% Terminal growth rate 3% 3% Discount rate 12% 12% Note 11: Other Non-Current Assets 2012 2011 February...
TORONTO, April 5, 2012 /PRNewswire/ -- Harry Winston Diamond Corporation (TSX: HW) (NYSE: HWD) (the "Company") today announced its fourth quarter and year-end results for the period ending January 31, 2012. Annual Results Highlights: - Consolidated sales increased 13% to $702.0 million for the year ended January 2012 compared to $624.0 million for the prior year. This resulted in operating profit of $56.5 million, compared to an...
TORONTO, April 4, 2012 /PRNewswire/ - Harry Winston Diamond Corporation (TSX: HW) (NYSE: HWD) (the "Company") today announced its fourth quarter and year-end results for the period ending January 31, 2012. Annual Results Highlights: -- Consolidated sales increased 13% to $702.0 million for the year ended January 2012 compared to $624.0 million for the prior year. This resulted in operating profit of $56.5 million, compared to an...
TORONTO, March 22, 2012 /PRNewswire/ - Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) (the "Company"), will release its Fiscal 2012 Fourth Quarter and Year-End results for the period ended January 31, 2012, after market hours on Wednesday, April 4th, 2012. This release will include an updated Diavik Diamond Mine life-of-mine plan presenting anticipated annual production by pipe, revenue, operating costs, and capital costs. Beginning at 8:30AM (ET) on Thursday, April 5,...
TORONTO, Jan. 17, 2012 /PRNewswire/ - Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) (the "Company") reports that in the fourth calendar quarter of 2011, the Diavik Diamond Mine ("Diavik") recovered (100% basis) 1.6 million carats from 0.6 million tonnes of ore processed. For the 2011 calendar year, 6.7 million carats of diamonds were recovered from 2.2 million tonnes of ore processed. Although tonnage processed was on target, there was a modest shortfall from the...
TORONTO, Dec. 8, 2011 /PRNewswire/ - Harry Winston Diamond Corporation (TSX: HW, NYSE:HWD) (the "Company") today announced its third quarter Fiscal 2012 results for the period ending October 31, 2011. Robert Gannicott, Chairman and Chief Executive Officer said, "Challenging trading conditions returned to the diamond business internationally in the third quarter. However, this was not the sudden, hard shock of 2008/2009 and, being better equipped to weather a downturn than in...
TORONTO, Nov. 23, 2011 /PRNewswire/ - Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) (the "Company"), will release its Fiscal 2012 Third Quarter results for the period ended October 31, 2011, after market hours on Thursday, December 8, 2011. Beginning at 8:30AM (ET) on Friday, December 9, the Company will host a conference call for analysts, investors and other interested parties. Listeners may access a live broadcast of the conference call on the Company's investor...
TORONTO, Oct. 13, 2011 /PRNewswire/ - Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) (the "Company") reports that in the third calendar quarter of 2011, Diavik produced 1.9 million carats from 0.6 million tonnes of ore processed. Ore processed in the quarter was 3% higher, and carats recovered were 8% higher, compared to the same period from 2010, due to an increase in the overall grade of the ore processed. For the nine months ending September 30, 2011, Diavik produced 5.1...
TORONTO, Sept. 7, 2011 /PRNewswire/ - Harry Winston Diamond Corporation (TSX: HW) (NYSE:HWD) (the "Company") today announced its second quarter Fiscal 2012 results for the quarter ending July 31, 2011. Robert Gannicott, Chairman and Chief Executive Officer said, "Global retail demand, especially in the emerging economies such as China and India, has delivered both strong retail sales growth and strong rough diamond prices. Seeing through the effect of a small number of...
TORONTO, Sept. 6, 2011 /PRNewswire/ - Harry Winston Diamond Corporation (TSX: HW) (NYSE: HWD) is pleased to announce that Harry Winston Diamond Mines Ltd. and its wholly owned subsidiary 6355137 Canada Inc. (collectively "Harry Winston") have entered into an option agreement with North Arrow Minerals Inc.("North Arrow") and Springbok Holdings Inc., ("Springbok") in regards to their Lac de Gras properties in the Northwest Territories. Harry Winston is the 40% owner of the adjoining...
